Section 20 AAC 15.186 - Effect of consolidation on eligible loans(a) A promissory note for an eligible loan becomes void on the date it is paid in full and the consolidation loan is originated.(b) As soon as is practicable following a consolidated loan origination, the commission staff will return to the borrower the cancelled promissory notes for each eligible loan that is included in the consolidation loan.Eff. 3/19/2003, Register 166; am 7/31/2003, Register 167Authority:AS 14.42.030
AS 14.43.122